A New York federal judge on Tuesday rejected a proposed class action settlement in the antitrust litigation merchants brought against American Express Co., saying the frequent exchange of confidential information that one of the lead plaintiffs' attorneys shared with counsel for MasterCard Inc. "smacks of blatant collusion."
Faruqi & Faruqi LLP and former associate Alexandra Marchuk, who won a $140,000 judgment in her sexual harassment suit against the firm, agreed to settle their dispute at the Second Circuit, a few months after the parties filed cross-appeals following the jury trial that left neither side pleased with the outcome.
The U.S. House of Representatives’ Ethics Committee on Monday said it is opening an investigation into whether Congressman Chaka Fattah Sr., D-Pa., violated House rules in light of bribery and fraud charges filed in connection with his failed Philadelphia mayoral bid.
Bayer Corp. has agreed to pay nearly $57 million to end a series of lawsuits across multiple federal and state jurisdictions over allegations that use of its birth control pills Yaz, Yasmin and Ocella resulted in strokes and heart attacks.
The Federal Circuit on Tuesday significantly reduced the record $1.54 billion judgment that Carnegie Mellon University won against Marvell Technology Group Ltd. in a disk drive patent suit, leaving $278 million in damages intact and ordering a new trial to recalculate the remaining amount.
Irish drugmaker Shire PLC said Tuesday that it has made an unsolicited stock bid valued around $30 billion to acquire U.S. biotech Baxalta Inc., aiming for a tie-up that would create a biotech giant focused on treatments for rare diseases.
A Florida jury on Monday slapped Philip Morris USA Inc. with $3.2 million in punitive damages, awarding a total of $11 million to the family of an ex-smoker who had two lung transplants after decades of smoking.
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